University 114

Property Description

University 114 (hereinafter, the “Property”) presents investors the rare opportunity to acquire a purpose-built rental apartment located in Central Edmonton in the highly attractive community of McKernan, directly adjacent to the University of Alberta. Located on University Avenue, the Property is currently under construction and is comprised of 132 suites in a 6-storey wood-frame super structure atop an underground parkade. Historically, the University area has seen few modern rental developments come to fruition, placing pressure on area vacancy, and making it difficult for top-tier professional renters to source appropriate housing.Scheduled for completion Q4 2023, the University 114 will be a much-needed addition to the University of Alberta housing landscape.